US healthcare real estate investment trust Omega Healthcare Investors and UK investor Foundation Partners have acquired care home operator Runwood Homes for £615m (€737.1m).
Runwood, the UK’s sixth-largest for-profit care home group, operates 55 homes comprising 3,930 registered beds across England. The business will be operated by Evera Living, Foundation Partners’ care platform.
The acquisition expands an existing partnership between Omega and Foundation, which aims to build a larger UK care business through further investment in the sector.
Evera Living has appointed former Spire Healthcare chief operating officer John Forrest as CEO, while Vishul Seewoolall, formerly COO of Signature Care, will become COO.
“This is a landmark investment that reflects Omega’s ambition to back outstanding healthcare businesses over the long term and our commitment to the UK care sector,” said Vikas Gupta, Omega’s chief investment officer.
Also this week, investors announced over €1bn of hotel deals across Europe, with major hotels changing hands in London, Barcelona, Vienna and Brussels. Scandic Hotels also completed the acquisition of the hotel operations of Dalata Hotel Group in a deal worth €500m.
| Recently completed deals | |||||||
|---|---|---|---|---|---|---|---|
| Asset | Asset type | Location | Buyer | Vendor | Size | Price (mln) | Key facts |
| Runwood Homes | healthcare | UK | Omega Healthcare Investors and Foundation Partners | Gordon Sanders | 55 care homes | £615 (€737) | Investments will be made through Evera Living, the partnership’s care platform. |
| Dalata Hotel Group’s hotel operations | hotel | Europe | Scandic Hotels Group | Dalata | 57 hotels | €500 | The acquisition comprises around 12,500 rooms, as well as a pipeline of around 1,600 additional rooms. |
| Rosewood London | hotel | London | Gencom | CTF Development | 308rooms | ~€350 | The property opened as a hotel in 2000 and underwent renovations in 2011 and 2014. |
| logistics portfolio | logistics | Germany | Montea | Weerts Logistics Parks (WLP) | NA | €343 | Two of the properties are located in Germany (in Hanover and Schkeuditz), while eight are in Italy. |
| Grand Hyatt Barcelona | hotel | Barcelona | RIU Hotels | BNP Paribas Asset Management Alts, Blasson Property Investments | 465 rooms | €300 | The two partners acquired the hotel in 2023 when it was known as the Hotel Princesa Sofia. |
| “Les Grands Prés” shopping center | retail | Mons, Belgium | Eurocommercial Properties | Union Investment | 26,900m2 | €265 | It is the largest shopping center transaction in Belgium since 2018. |
| 3 Chamberlain Square | office | Birmingham | Farran and GoldenTree | Federated Hermes | 191,000sqft | £107 (€128) | Farran agreed a senior financing deal with lender Canada Life to buy the office. |
| Havelpark Dallgow retail centre | retail | Berlin | Strategic Value Partners and 4 Friends Investment (4FI) | Redevco | 55,000m2 | ~€100 | Opened in 1995, the park has an occupancy rate of 92%. |
| two data centres | data centre | Hamburg | Westend Real Assets | Deutsche Beteiligungs | NA | €100 | The purchase was made for the “HAL Digitale Infrastruktur Deutschland 1” fund. |
| Lilly House | office | London | CM London Property | Lazari Investments | 35,000sqft | £91.5 (€110) | The asset is leased to flexible office provider Halkin until 2031. |
| Panattoni Park Nottingham | logistics | Nottinghamshire , UK | Delancey and Aware Super | Panattoni | 715,000sqft | £81 (€97) | The partners have acquired the asset for their Dare platform. |
| Radisson Blu Park Royal Palace Hotel | hotel | Vienna | Echo Partners | NA | 233 rooms | €66 | The hotel is located in Vienna’s 14th district and offers a direct view of Schönbrunn Palace. |
| Eggert Shopping Center | retail | Purmerend, the Netherlands | Arkéa | Wereldhave | 20,700m2 | €63 | Acquired by Wereldhave in 2010, the center has since been redeveloped. |
| Cambridge Leisure Park | retail | Cambridge | GoldenTree and Farran | Landsec | 133,300sqft | £46 (€55) | The property is 100% let and comprises a Travelodge hotel, cinema, gym, bowling alley and restaurants, alongside two supermarkets, a multi-storey car park and a self-storage unit. |
| The Spark | office | Newcastle, UK | Greenridge | Legal & General | 105,906sqft | £31.5 (€38) | The property is fully let, with occupiers including Arden University and Womble Bond Dickinson. |
| Langenhorner Chaussee 600 | office | Hamburg | Corum | Swiss Life Asset Managers | 14,500m2 | €35 | The asset changed hands for a yield of 8%. |
| THB Bamboo Alcudia | hotel | Mallorca | Calena Partners | Atalaya | 208 rooms | €35 | The property will be managed by Fergus Group. |
| Motel One hotel at 120 Rue Royale | hotel | Brussels | M&G Real Estate | Union Investment | 490 rooms | NA | The asset is fully leased to Motel One, one of Europe’s leading hotel operators, under a long-term triple-net lease with annual indexation linked to inflation. |
| Grand Hotel Gravenbruch | hotel | Gravenbruch, Germany | COMER Group International | Insolvent administrator | 22 rooms | NA | The Grand Hotel Gravenbruch features 225 rooms—including 37 suites—as well as 18 event spaces and a spa area. |
| 280 Bishopsgate | office | London | Hayfin, in partnership with Capreon | CBRE Global Investors | 264,500sqft | NA | The building is fully let to Baker McKenzie, Aberdeen and Cognizant. |
| Gulliver’s Retail Park | retail | Dublin | Union Investment | Ambercrest Limited Partnership | 157,000sqft | NA | The investment marks the Hamburg-based real estate manager’s entry into the Irish retail market. |
| PBSA asset | living | Lille | Ofi Invest Real Estate | Aventim | 272 units | NA | The asset is leased with a firm term of 11 years. |
| Mylo micro living asset | living | Copenhagen | Genesta | DFI and SF Management | 350 homes | NA | The acquisition marks Genesta’s entry into micro living. |
| Snow Island | living | Huddersfield, UK | MCR Property | Unite Group | 427 bedrooms | NA | The building is currently vacant, with MCR planning a refurbishment programme. |
| Assets on the market | |||||||
|---|---|---|---|---|---|---|---|
| Asset | Asset type | Location | Vendor | Size | Price (mln) | Broker | Key facts |
| 10 Old Bailey | office | London | Longmead Capital | 75,000sqft | £70 (€84) | Fineman Ross + Partners and Savills | The building is let to eight tenants. |
| 63 St James’s Street | office | London | Overseas private investor | 22,151sqft | £61 (€73) | Savills | The property is being offered at a net initial yield of 4%. |
| Almondvale South Retail Park | retail | Livingstone, UK | Fiera Real Estate | 146,240sqft | £34.45 (€41) | NA | The park is occupied by a food and value-led tenant lineup including Sainsbury’s, Home Bargains, Sports Direct and The Food Warehouse. |
| Recently completed loans | ||||
|---|---|---|---|---|
| Lender(s) | Borrower(s) | Asset(s) | Loan Size (mln) | Key facts |
| NA | Merlin Properties | Unsecured | €3750 | The financing package has partly been agreed to finance its future development programme, particularly a massive move towards data centres. The term loan matures on 30 April 2032. |
| Helaba | Blackstone | Frankfurt’s Messeturm | €300 | The loan was granted a 3-year extension to November 2029. |
| HSBC and Santander. | Gencom | Rosewood London | £225 (€270) | The loan finances the acquisition of the asset. |
| Berlin Hyp | HighBrook Investors | Amsterdam office portfolio | €155 | The five-year refinancing is for The Collection, a portfolio of prime office properties in Amsterdam. |
| BayernLB | Nuveen | logistics portfolios in Germany and Spain | €120 | The portfolio encompasses eight assets with 157,000m2 of space. |
| New mandates/JVs and funds on the market | |||
|---|---|---|---|
| Firm | Fund/mandate/JV | Strategy | Details |
| TPG | TPG Real Estate Partners V | Targets research-driven, thematic real estate investments across the United States and Europe. | The vehicle is targeting a final close of $8.5 billion by Q4 2027. |
| Hines | Hines Global Real Estate Opportunities | It will target sectors including living and industrial, where Hines sees long-term demand. | The open‑ended, evergreen real estate fund is structured as a European long‑term investment fund |
| Fiera and UK rental platform Packaged Living | Fresh | It targets a £1bn portfolio of high-quality, professionally managed family rental homes across “supply-constrained UK locations” | The vehicle reached £200m of investment capacity after a £70m investment from Homes England’s National Housing Bank. |
| Clarion Partners | Europe Sale-Leaseback Fund III | The fund has the flexibility to invest across all property types and is targeting institutional-grade, mission-critical assets leased to strong credit tenants. | The vehicle has closed raising €552m of equity. |
| Partners Group | French residential strategy | Assembling a 2,000-unit portfolio of young adult housing. | The strategy is targeting a total gross asset value of €300m. |
| Jonathan Rose Companies | Rose UK Social and Affordable Housing Fund | Forward funding and financing new affordable housing developments through agreements with local planning authorities | The fund plans to reach a size of £350m to £500m over time, delivering roughly 3,000 homes |
